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    4173 Fair Avenue

    Studio City, CA 91602
    • $2,350,000
    • STATUS: Active
    • ON SITE: 39 days
    • ID#: WS21073214
    UPDATED: 42 min ago
    $2,350,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,371
      SQFT
    • $438
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1975
    County:

    School Ratings & Info

    Description

    Charming 5 unit multifamily property located within a few blocks from Universal City Walk with major studios near by such as CBS, Disney, Warner Brothers, Sony etc. Two unit has high vaulted ceiling with plenty of natural light. All 4 units are on the second floor with a stairway access through the drive way. There are a total of 10 parking spaces that are tandem so each unit has two parking spaces. There is on site laundry that is coin operated so there is extra revenue that can be generated. The property is located within the Carpenter Charter School district. This property has been earthquake retrofitted with completed permits and sign off from the City of Los Angeles. Seller has also been approved to recover up to 50% of the retrofitting cost that can be passed on.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-18T00:36:17.987. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zutila, Inc.. Licensed in the State of California, USA.
    www.myorangecountyhomesearcher.com/homes/115867467
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    4173 Fair Avenue Studio City, CA 91602

    • Price: $2,350,000
    • Status: Active
    • Updated: 42 min ago
    • ID#: WS21073214
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    5,371
    SQFT
    $438
    $/SQFT
    1975
    Built
    Neighborhood:
    STUD - Studio City
    County:
    Los Angeles
    Area:
    STUD - Studio City
    Property Description
    Charming 5 unit multifamily property located within a few blocks from Universal City Walk with major studios near by such as CBS, Disney, Warner Brothers, Sony etc. Two unit has high vaulted ceiling with plenty of natural light. All 4 units are on the second floor with a stairway access through the drive way. There are a total of 10 parking spaces that are tandem so each unit has two parking spaces. There is on site laundry that is coin operated so there is extra revenue that can be generated. The property is located within the Carpenter Charter School district. This property has been earthquake retrofitted with completed permits and sign off from the City of Los Angeles. Seller has also been approved to recover up to 50% of the retrofitting cost that can be passed on.
    Exterior Features

    Architectural Style Traditional Construction Materials Brick Direction Faces East Exterior Features Awning(S)Rain Gutters Fencing None Foundation Details Slab Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 5 Other Structures Stable(S) Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Maintained Roof Flat Spa Features None Spa YN No View None View YN No

    Interior Features

    Accessibility Features Parking Appliances Gas OvenGas Range Common Walls 2+ Common WallsNo One Below Cooling Central AirElectricGas Cooling YN Yes Fireplace Features None Fireplace YN No Flooring LaminateTileVinyl Heating Central Heating YN Yes Interior Features BalconyCeiling Fan(S)High CeilingsLoft Window Features Blinds

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Street Lights Current Financing ConventionalNone Disclosures Rent Control Electric Standard Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 133842 Gross Scheduled Income 132042 Insurance Expense 2800 Land Lease YN No Laundry Features Common AreaOutside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 96042 New Construction YN No New Taxes Expense 29375 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 360000 Possession Close Of Escrow Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 11004 Trash Expense 2640 Utilities Natural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Vacancy Allowance Rate 3 Water Sewer Expense 5400 Water Source Public Zoning Lar1

    Listing provided courtesy of Ho Pham of Phamily Management & Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-18T00:36:17.987. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zutila, Inc.. Licensed in the State of California, USA.
     
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